john, we'll start with you. how much of this decline had to do with concerns of the fiscal cliff at the end of last year? what do you think? >> the decline, bill, if you take a look at it, was completely represented in the clean tech sector and the life sciences sector. the sectors we invest in are software and internet. this was the best year, 2012, for software investments since 2001. it was the second best year for internet investments since 2001. so the total picture might look grim, but in the space of technology. software and internet, it's a good story. >> software and internet as it relates to health care, or software and internet across the board, john? >> software and internet across the board. >> very interesting. yeah, go ahead. >> life sciences was down. double digits. clean tech was down almost 40%. the reason those two were down, bill, to your question about the fiscal cliff. >> right. >> is they both depend on government policy. clean tech to be successful depends on government subsidies and life